April 27, 2026, at 1:00 PM
Present:
H. McAlister, S. Stevenson, P. Van Meerbergen, S. Franke
Absent:
E. Peloza
Also Present:
J. Pribil, S. Datars Bere, A. Abraham, A. Barbon, K. Murray, E. Skalski.
Remote Attendance:
M. Galczynski, P. Lupa, K. Yeung.
The meeting is called to order at 1:00 PM; it being noted that Councillors S. Stevenson, S. Franke, and P. Van Meerbergen were in remote attendance.
1. Disclosures of Pecuniary Interest
That it BE NOTED that no pecuniary interests were disclosed.
2. Consent
2.1 2026 Debenture Issuance Update
2026-04-27 Staff Report - 2026 Debenture Issuance Update
Moved by P. Van Meerbergen
Seconded by S. Franke
That, on the recommendation of the Deputy City Manager, Finance Supports, the proposed by-law, as appended to the staff report dated April 27, 2026 as Appendix “A”, BE INTRODUCED at the Municipal Council meeting to be held on April 28, 2026 to execute the borrowing upon serial debentures in the aggregate principal amount of $20,000,000 towards the cost of certain capital works of the Corporation of the City of London, it being noted that the City’s debenture issuance has been placed with investors and priced within the capital markets at an average all-in rate of 3.831% over a 10-year term.
Vote:
Yeas: Absent: P. Van Meerbergen E. Peloza H. McAlister S. Stevenson S. Franke
Motion Passed (4 to 0)
3. Scheduled Items
None.
4. Items for Direction
None.
5. Deferred Matters/Additional Business
None.
6. Confidential
None.
7. Adjournment
Moved by S. Franke
Seconded by S. Stevenson
That the meeting BE ADJOURNED.
Motion Passed
The meeting adjourned at 1:02 PM.